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Coronavirus Info Center

March 17, 2020 Blog No Comments

Freedom Mortgage Coronavirus Info Center

1. A Note to Our Valued Partners
From the Desk of:
Les Acree, Executive Vice President
Keith Bilodeau, Senior Vice President

2. Free Extensions & Lock Options

3. Agency (FHA, VA, USDA, FHLMC and FNMA) Guidance
Updated March 24, 2020

4. Freedom Mortgage Product & Policy Updates

  • Freedom Mortgage’s Premier Jumbo product offerings are temporarily suspended. Please review the following loan pipeline guidance.
    • No new locks will be accepted
    • Locked pipeline loans will be honored; no lock extensions or relocks are permitted
    • Lock options are not available for floating (unlocked) pipeline loans
  • Due to market volatility, Freedom Mortgage is suspending rate locks for the Freedom Solutions product. These changes are temporary and necessary to ensure responsible lending within the given environment.

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